Very Very Nice Spacious Home – Rented $1000 Per Month!

[Derrick Craig]

714 Parkdale Memphis TN 38116

Status: Available

Purchase Price: $100,000
Property Type: Single Family
Beds/Baths: 3 beds, 2 baths
Square Feet: 2,007 sqft
Lot Size: 10,400 sqft
Year built: 1962
Occupancy Status: Rented

PROPERTY DESCRIPTION

Very Very Nice Spacious Home, 3 large Bedrooms Hard wood Floors in Living room, Hall ways and Bedrooms. Master Bathroom and Hall Bathroom totally remodeled new everything inside it absolutely stunning!!! Brand New Kitchen Cabinets, Sinks, Lights, Fixtures Electrical, Plumbing, Ceramic Tile in Bathrooms and Kitchen and NEW built in Fire Place, New Flat Roof so many amenities can’t name all of them.. PASSIVE INCOME MACHINE!!!

Currently Rented $1000 a Month
Taxes- $1341 = $111.75 a month
Insurance- $650 = $54.17 a month
PM FEE- $80 Vacancy – $80 – (guesstimate)
Maintenance- $80 – (guesstimate)
Cash Purchase Passive Cash Flow = $595.08

If you are interested in this property please contact: Derrick Craig - text or call 901-212-4476 or email [email protected]
Or View Memphis Buy and Hold Inventory for more deals 

Click- Memphis Buy and Hold www.memphisbuyandhold.com

Pictures of 714 Parkdale Memphis TN 38116

Stated gross returns and cash flow do not take into account vacancy and repairs that WILL happen over time. All investors should allocate a reserve for maintenance and vacancy for any investment property. Vacancy and repairs are variable cost factors that can increase or decrease from year-to-year that will impact yields over time.